infosbitcoin· Bitcoin on-chain analytics, explained

On-chain volume

The total amount of bitcoin that moved on the blockchain during the day (sum of transaction outputs, excluding new issuance).

Latest value (as of July 16, 2026) : 804,272 BTC/j — computed on our full node.

How to read it

A raw measure of on-chain economic activity. Careful: it includes 'change' (money returning to the sender), so it overestimates real volume — read it as a trend, not an absolute value.

The math

Sum of the value of the day's transaction outputs, excluding coinbase outputs (block reward), in BTC.
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In the same family

Transactions per dayThe number of transactions confirmed on the blockchain each day.Average block sizeThe average size of the day's blocks, in megabytes.NVT SignalBitcoin's 'P/E ratio': market cap relative to on-chain transaction volume (smoothed over 9Average fee per transactionThe average cost, in dollars, of a Bitcoin transaction confirmed that day (total fees ÷ nu